2022
Exports
$4.21BWorld Rnk 1 / 104
Flag Rnk 11 / 1194
2022
PRODUCT COMPLEXITY IN Stainless Steel Ingots
1.08Rnk 143 / 1025
2022
Imports
$14.2MWorld Rnk 25 / 180
Flag Rnk 745 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $4.21B in Stainless Steel Ingots, making it the 1st largest exporter of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 11th most exported product in Indonesia. The main destination of Stainless Steel Ingots exports from Indonesia are: China ($2.96B), India ($565M), Chinese Taipei ($418M), Italy ($135M), and Turkey ($49.4M).

The fastest growing export markets for Stainless Steel Ingots of Indonesia between 2021 and 2022 were India ($565M), South Korea ($32.8M), and China ($26.7M).

Imports In 2022, Indonesia imported $14.2M in Stainless Steel Ingots, becoming the 25th largest importer of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 745th most imported product in Indonesia. Indonesia imports Stainless Steel Ingots primarily from: Singapore ($6.52M), China ($5.01M), Vietnam ($661k), Japan ($477k), and Malaysia ($379k).

The fastest growing import markets in Stainless Steel Ingots for Indonesia between 2021 and 2022 were Japan ($408k), South Korea ($184k), and Malaysia ($111k).

COMPANIES In 2023, leading companies such as Hankook Tires (1) were at the forefront of shipping Stainless Steel Ingots from Indonesia to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Stainless Steel Ingots. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.21B
IMPORTS (2022)$14.2M
NET TRADE (2022)$4.19B

In 2022, Indonesia exported $4.21B in Stainless Steel Ingots. The main destinations of Indonesia exports on Stainless Steel Ingots were China ($2.96B), India ($565M), Chinese Taipei ($418M), Italy ($135M), and Turkey ($49.4M).

In 2022, Indonesia imported $14.2M in Stainless Steel Ingots, mainly from Singapore ($6.52M), China ($5.01M), Vietnam ($661k), Japan ($477k), and Malaysia ($379k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Ingots EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
India$565M (1%)
South Korea$32.8M (238%)
China$26.7M (0.91%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Ingots BY Indonesia WERE (2021 - 2022):
Turkey-$61.4M (-55.4%)
Italy-$52.4M (-28%)
Chinese Taipei-$21.4M (-4.86%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Stainless Steel Ingots were:
In 2022, Indonesia's main importing competitors in Stainless Steel Ingots were:
China $3.12B
India $641M

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Trade Value of Stainless Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $1.76M
TOP IMPORT POTENTIALSouth Korea+ $379k

Stainless Steel Ingots’s highest export potential is South Korea. With an export gap of $1.76M.   Stainless Steel Ingots’s highest import potential is South Korea with an import gap of $379k.

See methodology.

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